Title
A RESOLUTION CONCERNING THE APPROVAL OF THE FISCAL YEAR 2018 OPERATING AND CAPITAL BUDGETS OF THE WASHINGTON SUBURBAN SANITARY COMMISSION AND THE RECOMMENDATION OF WATER AND SEWER RATES AND AD VALOREM TAX LEVIES FOR THE FISCAL YEAR 2018 for the purpose of adopting as proposed the Fiscal Year 2018 Operating and Capital Budgets of the Washington Suburban Sanitary Commission and the recommended Water and Sewer Rates and Ad Valorem Tax Levies for the Fiscal Year 2018.
Background
Section 17-202 of the Public Utilities Article, of the Annotated Code of Maryland, requires the joint approval of the Prince George’s County and Montgomery County Councils for changes to the submitted WSSC operating and capital budgets. This resolution recommends that WSSC adopt a 3.50% rate increase in water and sewer rates. The joint approval of both Councils is required to increase operating expenditures above the amount approved for Fiscal Year 2018. Any changes to the Operating or Capital Budget categories, which exceed the approved categories by 5% or greater, require prior Council approval. For changes below the 5% limit, the Commission may authorize the transfer of funds between categories.
FY2018 Water and Sewer Operating Budget - $ 725,348,362
FY2018 General Bond Debt Service Operating Budget - $ 15,887,815
TOTAL FY2018 Operating Budget - $ 741,236,177
FY2018 Capital Budget - $ 685,509,316
TOTAL FY2018 Operating and Capital Budget - $ 1,423,745,493
Rate Increase - 3.50%
Infrastructure Investment Fee - (Fee varies by meter size. See Appendix E)
Account Maintenance Fee - (Fee varies by meter size. See Appendix D)
SDC Fee - $203 per fixture
Water Production - 164.0 million gallons per day
Authorized Work-Years - 1,776